Common use of Ramapo PARs Settlement Clause in Contracts

Ramapo PARs Settlement. Compute the real-time Ramapo PAR settlement for each interval as specified below. When , When , Where: Measured real-time actual flow on each of the Ramapo PARs for interval i. For purposes of this equation, a positive value indicates a flow from PJM to the NYISO; Calculated Target Value for the flow on each Ramapo PAR (PAR3500 and PAR4500) as described in Section 7.2.1 above for interval i. For purposes of this equation, a positive value indicates a flow from PJM to the NYISO; PJM Ramapo PARs settlement, defined as a payment from the NYISO to PJM when the value is positive, and a payment from PJM to the NYISO when the value is negative for interval i; NYISO Ramapo PARs settlement, defined as a payment from PJM to the NYISO when the value is negative, and a payment from the NYISO to PJM when the value is positive for interval i; Cost of congestion at each Ramapo PAR for PJM, calculated in accordance with Section 7.2.2 above for interval i; Cost of congestion at each Ramapo PAR for NY, calculated in accordance with Section 7.2.2 above for interval i, and number of seconds in interval i.